Monetary policy over the past few years has been the most accommodative in the history of financial markets. Continue reading “Monetary tightening will be transitory. Inflation is here to stay. By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

You may recall that at the beginning of March 2020, I wrote an opinion that many considered outlandish at the time Continue reading “Covid-19: Effects on Debt Levels and Inflation By Les Nemethy“

Net International Investment Position (“NIIP”) is an ever-so-important but ever-so-seldom used indicator of a country’s financial health, you might say, its financial net worth. Continue reading “Net International Investment Position By Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd. and former World Banker“

With the long-term trend in interest rates down, and inflation trending upward, (alas, with increasing signs of not being transitory), more and more debt instruments have increasingly negative real interest rates. Continue reading “Beware: Likely an Era of Negative Real Interest Rates Ahead by: Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker and François Lesegretain“

Risk premium may be defined as the differential in interest rate payable on bonds of a particular country compared to the lowest risk country. Continue reading “Risk Premiums in Central Europe during the Covid Era by: Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker and François Lesegretain“

Foreign Direct Investment has an enormous impact on economic performance of developing economies. Continue reading “FDI in Central Europe by: Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker and François Lesegretain“

Industry 4.0 is sweeping Central Europe, indeed the world. How does this affect your business? Continue reading “What is the impact of Industry 4.0 on your business? by: Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker and François Lesegretain“

Inflation does not affect emerging markets (EM’s) the same way as developing markets (DM’s). In this article, we examine (a) past and current differences in inflation rates between emerging and developed markets Continue reading “Inflation and Emerging Markets by: Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker and François Lesegretain“

On March 4, 2021, Fed Chair Jerome Powell announced “inflation will pick up in the coming months but that it would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies.” Continue reading “Is Current Inflation Temporary? Today’s Most Consequential Economic Debate by: Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker“

Business owners often wonder: if they were to sell their business, what would they do with their money? Continue reading “Active vs Passive Investing By Les Nemethy and Francois Lesegretain“

No public company, no matter how large, is immune from possible attack from activist investors. Continue reading “Activist Investors By Les Nemethy and Francois Lesegretain“

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. Continue reading “Is the Global Economy heading towards a crack-up boom? By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

The last time I recommended gold as an investment was in April, 2020, at which time it traded below $1700 Continue reading “The Case for Gold Today By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

Our last article was on the subject of Mergers & Acquisitions, which came to the conclusion that M&A appears very robust over the past few quarters in Central Europe. Continue reading “The Venture Capital Industry in Europe and Central Europe By Les Nemethy and François Lesegretain“

In a nutshell, surprisingly well. This article looks at (a) geographic areas that have been performing better Continue reading “How is M&A holding up under Covid? By Les Nemethy and Francois Lesegretain“